• From: Canada
  • Registered: 07/03/2014
  • Posts: 24

Topic: Supplier Invoice GL entries going to Inventory Adjustment

Hi,
I have just noticed that all the supplier invoices that we have been entering have all been going to the Inventory Adjustment GL account and not the associated GL accounts as set up in the Inventory file. I have also checked the supplier account to make sure this has been set correctly and it is (Purchase Account: Use item inventory/COGS Account).

Any idea on why this is posting to the GL in this way?

Thanks,

Steve

  • From: Canada
  • Registered: 07/03/2014
  • Posts: 24

Re: Supplier Invoice GL entries going to Inventory Adjustment

Please disregard my post.

I have discovered that the correct GL accounts are adjusted on delivery (Direct GRN), with the Adjustment account being the other side of the posting. This then gets counter acted when the invoice is posted.

Thank you,

Steve